Bryce Point Capital LLC Acquires Shares of 6,105 Bunge Global SA (NYSE:BG)

Bryce Point Capital LLC bought a new stake in Bunge Global SA (NYSE:BG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,105 shares of the basic materials company's stock, valued at approximately $475,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in Bunge Global during the fourth quarter valued at $8,449,000. Headlands Technologies LLC increased its holdings in shares of Bunge Global by 364.7% during the 4th quarter. Headlands Technologies LLC now owns 15,107 shares of the basic materials company's stock worth $1,175,000 after purchasing an additional 11,856 shares during the period. Geode Capital Management LLC grew its holdings in shares of Bunge Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock worth $268,205,000 after purchasing an additional 34,890 shares in the last quarter. National Bank of Canada FI boosted its holdings in Bunge Global by 175.7% during the fourth quarter. National Bank of Canada FI now owns 101,862 shares of the basic materials company's stock valued at $7,921,000 after purchasing an additional 64,920 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Bunge Global by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 277,996 shares of the basic materials company's stock worth $21,617,000 after buying an additional 3,900 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $1.16 during trading on Thursday, hitting $73.13. 373,750 shares of the stock were exchanged, compared to its average volume of 1,583,214. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The company has a fifty day moving average price of $73.12 and a 200-day moving average price of $81.46. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. As a group, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America dropped their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley dropped their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Finally, Barclays reduced their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.